After a near 1% gap down at the open, the S&P500 has found support just above S1 (SPY $89.80) and the VIX appears to be stabilizing near 43. While the daily VWAP has mostly flattened, positive Tick and AD line slopes are suggestive of possible accumulation at this level. However, Energy (XLE +0.46%) is once again the day's big winner, volume is light, down volume continues to outpace, and the big jobs report is out tomorrow, so I'll be playing it safe into the close even as I trim hedges a tad here.
o Quant Edges - Weakness Begets Weakness
o MarketSci - TM's VIX 5% Rule
Never Investment Advice
06/18/2013 Market Outlook (Double Bottom or 3 Push Up)
4 minutes ago